The crisis in the international banking sector, resulting from the bankruptcy of international banks, namely the American Silicon Valley Bank (SVB) and the European Credit Suisse, will have no effect on national banking, guarantees the Governor of the Bank of Mozambique, Rogério Zandamela. "The occurrence of the contagion effect through fluctuations in capital flows would...
Thursday's interest rate hike by the European Central Bank will make it even more difficult for African and other emerging market countries to finance themselves, several analysts said, suggesting alternative sources of funding. "The perfect storm of inflationary pressures, aggressive monetary policy by central banks, combined with a deepening Russia/Ukraine crisis,...
European Central Bank (ECB) President Christine Lagarde announced this Thursday that she has tested positive for Covid-19, however, the symptoms of the disease are mild. She will work remotely until recovery. In a post on her social network Twitter, the Central bank head clarified that "there is no impact on ECB operations." This morning I...